Foreclosures are still hitting the market in the East Texas area, not as bad as the beginning of 2009, but they are still appearing. Some forecasters are saying that about 20% of the mortgages are significantly behind and they believe there is another wave of foreclosures coming along this Spring.
Though there can be some bargains out there - the road to buying a foreclosure or distressed sale is pitted with potholes! There are a number of myths being propagated on television and other media that I want to address.
